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Ltd. intends to merge its existing three London managing agencies into one. The boards of the various agencies believe the new strategy is essential if the group is to realise its full potential and maximise the advantages which its size and strength...

As a petition for the winding up of the Bermuda parent of a failed Hong Kong investment bank and brokerage was presented to the Bermuda Supreme Court last week, key financial institutions were jockeying to acquire profitable pieces of the business. P...

listed securities, total market capitalisation and trading volumes. By December 31, the BSX had 190 securities listed with a total market capitalisation of $47 billion, compared with 137 securities and a market capitalisation of $37 billion, a year b...

French and German business executives and journalists will be introduced to the Island's international business environment next week during seminars hosted by the Bermuda International Business Association (BIBA) in Paris and Frankfurt. On Tuesday i...

doors for good, owner Cal Grimes said yesterday. His pursuit of other interests led to a decision last year to sell the firm, although to date he has received no serious enquiries. The business employs two part-time staff and closes officially on Sat...

seek a coalition with the hospitality industry and retailers, with the objective of helping to re-shape the landscape of opportunities in education for Bermudians. International companies have already played a substantial role in providing funding fo...

share for the three months to December 31. Last year, ACE declared first quarter net income at $125.7 million or $2.14 per share for the comparative period. But chairman, president and CEO, Brian Duperreault, said, "ACE continues to demonstrate top l...

$139.3 million or $6.06 per share, for the year to December 31, a decrease of 12 percent when compared with the year before. Net operating income was $142.1 million for the year, down $17 million. But chairman, president and CEO, James N. Stanard sta...

operating income and sterling investment results helped push Bermuda-based insurer EXEL Ltd. to record end-of-year profits of $677 million or $7.84 per share. Net income for the year to November 30 was 37 percent better than the year before. Net oper...

A twice bankrupt former Bermuda insurance executive, who faces arrest in Bermuda, is seeking to be discharged as a UK bankrupt. Mark Gregory Hardy, who operated a Bermuda insurance empire that went bust more than six years ago, has given notice as a ...